About 531 Gillespie Street
Discover a rare opportunity to craft your dream home in the highly sought-after West End of Aspen. This property is perfectly situated on a desirable corner lot, directly across from cultural landmarks such as the Aspen Music Tent, Aspen Institute, and Herbert Bayer Museum. Enjoy the stunning natural beauty with access to the Rio Grande Trail for outdoor adventures, along with the amenities of the nearby Aspen Meadows Resort, which features tennis and pickleball facilities. The existing well-maintained residence has been in the same family for over 50 years, offering a unique blend of charm and potential. With an approved demolition permit on file, this property provides the flexibility to either live in, renovate, or build anew--a rare find in one of Aspen's most prestigious neighborhoods. Seize the chance to create a personalized sanctuary in an unbeatable location that combines luxury living with outdoor lifestyle.
Price Change History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Price Reduced from $11,495,000 to $10,995,000 | Change: ↓ $500,000 (4.35%) |
| Date: | Details: Price Reduced from $11,950,000 to $11,495,000 | Change: ↓ $455,000 (3.81%) |
| Date: | Details: Price Reduced from $12,950,000 to $11,950,000 | Change: ↓ $1,000,000 (7.72%) |
Features of 531 Gillespie Street
| MLS® # | 192020 |
|---|---|
| Price | $10,995,000 |
| Bedrooms | 4 |
| Bathrooms | 4 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 3,596 |
| Acres | 0.20 |
| Year Built | 1968 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 531 Gillespie Street |
|---|---|
| Major Area | Aspen |
| Area | 01-West End |
| Subdivision | Hallam Addition |
| City | Aspen |
| County | Pitkin |
| State | CO |
| Zip Code | 81611 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| # of Garages | 2 |
Interior
| Heating | Hot Water, Baseboard |
|---|---|
| Fireplace | No |
| # of Fireplaces | 2 |
| Fireplaces | Wood Burning |
| Has Basement | Yes |
| Basement | Finished |
| Living Heated Sqft | 3,596 |
Exterior
| Lot Description | Corner Lot, Landscaped |
|---|---|
| Construction | Brick Veneer, Brick |
Additional Information
| Date Listed | March 16th, 2026 |
|---|---|
| Zoning | R-6 |
| Short Sale | No |
| RE / Bank Owned | No |
| Data Source | AGSMLS |
| Short Termable | Yes |
Subdivision Statistics
| Listings | Average Price | Average $/SF | Median $/SF | List/Sale price | |
|---|---|---|---|---|---|
| Active Listings 5 | Average Price $12,943,000 | Average $/SF $2,745 | Median $/SF $10 | Listing Price $10,995,000 |